| Competitor / Benchmark | Avg. Salary | Variance | Primary Market Influence Factor & Explanation |
|---|---|---|---|
| Southern Champion | $94,236 |
-0.2%
|
Aligns perfectly with prevailing regional benchmarks for this specific job family. |
| Vistaserv Corp | $86,557 |
-8.3%
|
Normalized for lower cost-of-living zones where Vistaserv Corp primarily operates. |
| North Woods | $90,301 |
-4.4%
|
Typical compensation structure for smaller regional agencies like North Woods. |
| E-Mist Innovations Inc | $89,827 |
-4.9%
|
E-Mist Innovations Inc focuses strategically on recruiting and training entry-level apprentices. |
| MFG Nondurable Industry | $125,011 |
+32.4%
|
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors. |
$94,236 / year
Salary Range: $83,031 - $106,355
Carrollton, TX
$86,557 / year
Salary Range: $76,286 - $97,649
Sarasota, FL
$90,301 / year
Salary Range: $79,585 - $101,868
Sheboygan, WI
$89,827 / year
Salary Range: $79,173 - $101,344
Fort Worth, TX
$89,690 / year
Salary Range: $79,045 - $101,185
Round Mountain, TX
$106,113 / year
Salary Range: $93,523 - $119,744
Stamford, CT
$90,017 / year
Salary Range: $79,338 - $101,587
Miramar, FL
$96,715 / year
Salary Range: $85,239 - $109,111
Evanston, IL
$88,688 / year
Salary Range: $78,165 - $100,063
Dixon, IL
Get an estimated calculation of how much you should be earning and insight into your career options.
| Expense Category | Estimated Monthly Cost | Key Considerations / Notes |
|---|---|---|
| Housing (1-BR Apt Rent) | $1,700 - $2,600+ | A significant portion of Elco Laboratories salary. Location choices impact this heavily. |
| Utilities (Basic) | $140 - $230 | Electricity, Heating, Cooling, Water etc. |
| Public Transportation | $105 (CTA 30-day pass) | Essential for most commuters; car ownership is costly. |
| Groceries (Single Person) | $430 - $640 | Can be higher with more dining out or specialty stores. |
| Personal & Leisure | $450 - $800+ | Dining out, entertainment, shopping. Highly variable. |
| Healthcare (Individual) | $400 - $750+ | Varies significantly by plan & employer contribution. |
| Subtotal (Excluding Taxes) | $3,225 - $5,025+ | This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay. |
Elco Laboratories pays its employees an average of $94,436 per year. The average salary at Elco Laboratories range from $83,232 to $106,538 per year. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills, and location.
The salary at Elco Laboratories is higher than the similar company. The average annual salary at Elco Laboratories is $94,436, or an hourly wage of $45, in comparison to Southern Champion which pays $94,236 per year or $45 per hour.
A President at Elco Laboratories typically earns an average annual base salary of around $731,019, with a general range of $560,570 to $919,176.
In many roles at Elco Laboratories, particularly those requiring specialized knowledge or research capabilities (e.g., certain engineering, scientific, or financial roles), an advanced degree like a Master's or PhD can lead to a higher starting salary and faster career progression, thus higher earnings. However, for some roles, direct experience and skills might be valued as much or more than an advanced degree. The impact varies by field and specific job requirements.
Chicago's Cost of Living Index is approximately 106.9 (6.9% more expensive than US average; 14.0% more than IL average). This significantly impacts the purchasing power of a salary from Elco Laboratories based there. Our "Cost of Living Insights for Chicago" module details this impact, helping you assess the 'real feel' value of your compensation.
Elco Laboratories generally offers a range of employee benefits designed to support their workforce's health, financial well-being, and work-life balance. Comprehensive health insurance (medical, dental, vision), a 401(k) retirement savings plan (often with a company match), paid time off (PTO), and potentially disability and life insurance are included. For a more detailed list of benefits, please see our "Employee Benefits at Elco Laboratories" section on this page.
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